Wednesday, Mar 19 2025 | Time 01:19 Hrs(IST)
Business EconomyPosted at: Jan 27 2025 5:01PM


Wheels India Q3 Net Profit rises to Rs. 22.57 cr

Chennai, Jan 27 (UNI) Wheels India has registered a good increase in its Net Profit for the Q3
ended December 31, 2024 at Rs. 22.57 crore compared to Rs. 12.58 crore registered in the
corresponding quarter of the previous year.
The company registered revenues of Rs. 1,058 Crore for Q3 as compared to Rs. 1,131 Crore.
For the nine months ended December 31, 2024, it registered a good growth in Net Profit
at Rs. 69.86 Crore compared to Rs. 31.04 Crore registered in the comparative nine months
ended December 31, 2023. The
It registered revenues of Rs. 3,230 Crore for the nine months compared to Rs. 3,452 Crore.
Company MD Srivats Ram said, “In terms of the strong profit growth in Q3, we continued to
be benefitted by lower raw material prices, favourable product mix and productivity and cost
improvements.”
On the outlook, he said, “We expect the domestic demand to improve in the CV wheel
segment in Q4. While our exports have fallen this year due to cyclicity in off-road product
ranges, we hope to grow our exports in the coming year, through new product programmes.”
Interim Dividend of Rs. 4.50 per share
The Board approved an interim dividend of Rs. 4.50 per share at the meeting held today.
UNI GV 1700
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Tags: #Wheels India Q3 Net Profit rises to Rs. 22.57 cr
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